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Progress

Deposit "Progress"

Deposit amount in AMD thousand Annual interest rate for AMD deposits with interest payments at maturity
Deposit period by months
  45 days 3 6 9 12 18
30-50.000 5% 6.5% 8% 9% 9.5% 10%
Deposit amount in USD Annual interest rate for USD deposits with interest payments at maturity
Deposit period by months
  45 days 3 6 9 12 18
500-100.000 1%   1.5% 2.5% 3.5% 4.5% 4.75%

Deposit amount in EUR
Annual interest rate for EUR deposits with interest payments at maturity
Deposit period by months
  45 days 3 6 9 12 18
500-50.000 0.25%   0.75% 1.25% 1.5% 2.0% 2.25% 

In case of investing more than AMD 50 mln., USD 100 000 and EUR 50 000, contractual interest rates are implemented.

In case of monthly payment of interest, the deposit interest rate is defined 0.5% less from the appropriate schedule.

The depositor can make partial withdrawals of the deposit amount during the deposit period.

In this case, the interest accrued as of the date of withdrawal shall be recalculated at the interest rate set for the preceding, shorter maturity period applied for the deposit Progress, for the time period starting from the date of making the deposit until the date of withdrawal of the respective amount. If less than the minimum deposit term set for the deposit Progress has passed from the date of signing of the deposit agreement until the date of withdrawal of the amount, then recalculation is made at the interest rate currently applied at the Bank for the demand deposit.

Now you can open Progress Deposit via AS Internet-Bank. Follow the guidelines here.